Can I retire at age 58 with 776,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $776,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$64,081$63,511$62,954$62,410$61,879$61,131
2 years$31,723$31,133$30,560$30,005$29,466$28,714
3 years$20,939$20,346$19,774$19,224$18,695$17,961
4 years$15,548$14,956$14,391$13,850$13,333$12,623
5 years$12,314$11,726$11,168$10,638$10,136$9,452
6 years$10,159$9,575$9,025$8,507$8,020$7,364
7 years$8,620$8,041$7,500$6,994$6,522$5,894
8 years$7,466$6,893$6,361$5,867$5,411$4,809
9 years$6,569$6,001$5,478$4,998$4,557$3,982
10 years$5,852$5,290$4,776$4,308$3,883$3,335
11 years$5,266$4,709$4,205$3,749$3,339$2,818
12 years$4,778$4,227$3,732$3,289$2,894$2,398
13 years$4,365$3,820$3,334$2,903$2,523$2,053
14 years$4,012$3,472$2,996$2,577$2,212$1,766
15 years$3,706$3,172$2,705$2,299$1,948$1,525
16 years$3,438$2,910$2,452$2,058$1,721$1,321
17 years$3,202$2,680$2,231$1,849$1,526$1,148
18 years$2,993$2,476$2,037$1,666$1,357$1,001
19 years$2,806$2,295$1,865$1,506$1,210$874
20 years$2,637$2,133$1,711$1,364$1,080$764
21 years$2,485$1,987$1,574$1,238$967$669
22 years$2,347$1,854$1,451$1,125$867$587
23 years$2,222$1,734$1,340$1,025$778$516
24 years$2,106$1,625$1,239$935$699$453
25 years$2,001$1,525$1,147$854$629$399
26 years$1,903$1,433$1,064$781$567$351
27 years$1,813$1,349$988$714$511$310
28 years$1,730$1,271$919$655$461$273
29 years$1,652$1,199$855$600$416$241
30 years$1,580$1,132$796$551$376$213
31 years$1,512$1,070$742$506$340$188
32 years$1,449$1,013$693$465$308$166
33 years$1,390$959$647$428$278$147
34 years$1,334$909$604$393$252$130
35 years$1,282$862$565$362$228$115
36 years$1,232$818$528$334$207$101
37 years$1,186$777$495$307$187$90
38 years$1,142$739$463$283$170$79
39 years$1,100$702$434$261$154$70
40 years$1,061$668$407$241$140$62
41 years$1,023$636$381$222$127$55
42 years$988$606$358$205$115$49
43 years$954$577$336$189$104$43
44 years$922$550$315$175$95$38
45 years$891$525$296$161$86$34
46 years$862$501$278$149$78$30
47 years$834$478$261$138$71$26
48 years$808$456$245$127$64$23
49 years$782$435$231$118$59$21
50 years$758$416$217$109$53$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $776,000, adding $4,083 every year, while hoping to spend $46,405 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 61/23/16 Blend
57$776,000$776,000$776,000$776,000
58$859,364$818,236$806,208$908,080
59$897,644$808,955$783,841$932,100
60$938,274$797,664$759,170$952,731
61$981,444$784,215$732,068$974,151
62$1,027,362$768,452$702,403$996,440
63$1,076,257$750,211$670,038$1,019,690
64$1,128,379$729,314$634,827$1,044,002
65$1,184,000$705,578$596,621$1,069,490
66$1,243,422$678,805$555,262$1,096,284
67$1,306,973$648,788$510,584$1,124,526
68$1,375,012$615,307$462,417$1,154,378
69$1,447,935$578,129$410,580$1,186,018
70$1,526,176$537,008$354,886$1,219,650
71$1,610,209$491,685$295,138$1,255,496
72$1,700,558$441,885$231,132$1,293,809
73$1,797,794$387,316$162,654$1,334,867
74$1,902,547$327,673$89,482$1,378,984
75$2,015,509$262,631$11,381$1,426,507
76$2,137,438$191,847$0$1,477,824
77$2,269,169$114,960$0$1,545,652
78$2,411,618$31,587$0$1,621,059
79$2,565,794$0$0$1,702,679
80$2,732,803$0$0$1,806,004
81$2,913,865$0$0$1,926,739
82$3,110,317$0$0$2,057,790
83$3,323,634$0$0$2,200,145
84$3,555,435$0$0$2,354,893
85$3,807,502$0$0$2,523,231
86$4,081,797$0$0$2,706,476
87$4,380,477$0$0$2,906,077
88$4,705,916$0$0$3,123,628
89$5,060,726$0$0$3,360,886
90$5,447,784$0$0$3,619,781
91$5,870,253$0$0$3,902,440
92$6,331,619$0$0$4,211,204
93$6,835,715$0$0$4,548,649
94$7,386,765$0$0$4,917,612
95$7,989,417$0$0$5,321,218
96$8,648,790$0$0$5,762,904
97$9,370,518$0$0$6,246,458
98$10,160,809$0$0$6,776,051
99$11,026,496$0$0$7,356,274
100$11,975,106$0$0$7,992,186